As part of its reporting on financial results for Q3 2017, geothermal developer U.S. Geothermal provides an operational update.
Successfully completed multi-well flow test at the recently drilled Southwest Zone wells at San Emidio II. Flowing temperature from the three wells ranged from 319°F to 325°F. Test results confirm resource estimate of 25MW (at P90) to 47MWs (at P50).
El Ceibillo development project awarded $3.42 million grant from the German Development Facility for Latin America for further drilling.
U.S. Trade and Development Agency (USTDA) awarded a $825,319 grant to U.S. Geothermal Guatemala S.A. to provide funding for a feasibility study on the El Ceibillo development project.
Company continues to respond to RFPs/RFOs from potential customers in order to secure power purchase agreements to foster significant Corporate growth.
Source: Company release
